Comments by "" (@andlalanda6202) on "How I Saved Over £100k In My 20s (Whilst Pushing Carts)" video.

@StevenJohn91 been out the local. Had a really good night chatting with people. In any case my experience with the solicitors and estate agents if I got it right I won't ever have to buy or sell a house again. I don't deal with the periods of waiting, maybe too neurotic? Good luck getting your place. We had no chain and it's a FTB and borrowing 65k. Still took 111 days if the purchase goes ahead next Friday.
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Currently in the process of buying my first house, moving over 100 miles away from my hometown because I wanted a big deposit and cheap home so now my mortgage is only just over £400 a month. Basically means that if I end up on a okay wage of '£22k' a year lets say I can still pay all my bills without worrying. There's a lot of doomerism on the net. I think young people being CONSTANTLY told "you will never buy a house" leads people to a lot of reckless spending because saving is no longer the goal, spending becomes the target, so they throw it all away on booze, drugs, designers clothing and getting food delivered etc. I set myself back a few years through my irresponsibility but in the end I got where I needed to be as I approach 30 and I'm glad you managed the same.
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@StevenJohn91 Thank you. To elaborate it came down to risk appetite. I could definitely borrow 200k to buy a terraced house in my hometown, but for me the £1-1.2k monthly payments, as a single earner just isn't worth it. The ironic thing of course is that I'll probably be happier in a bigger house in the town with countryside surrounding. To be honest I do make a good wage and I did stay at home with my parents for the last 18 months, but absolutely you don't need to be making crazy wages. To copy-paste what I wrote elsewhere: "If lets say you're on £22k you take-home is about £1,600 you can pay £400 to your parents and £200 to go out for drinks a month. Stash away £1k and after 5 years you'll have £60k in deposit." You may be able to do something similar in a house-share if that's not an option, but ultimately it's all about what you want. I actually lurk a bunch of financial advice stuff over the years (I started planning to buy a house about March 2022), but the interesting thing is that there are a lot of people who earn insanely good money, but basically cannot get anywhere because they've gone all-in on nice cars and a dream house too quickly. There are cards you can use to stack the deck: living with family, dual-income with a partner, not dealing with a car or kid, but I think the idea that you need to sacrifice your whole life to get comfortable is just a bit misguided. I think the people who are really struggling are the ones who aren't able to get full time work, my boyfriend who lives in the midland being one of them. Hopefully that improves for him at some point though, as much as people like to talk about benefit scroungers, being stuck indoors all day without any obligations actually starts to get really boring/depressing after a while lol
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